World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown

The world’s largest ethereum mining pool, Ethermine, has introduced the group plans to drop proof-of-work (PoW) ethereum mining solely. Ethermine says that the platform’s miner dashboard will show a countdown and customers can proceed to mine ether till the countdown reaches zero.

Largest Ether Mining Pool to End PoW Ethereum Mining — Ethermine Ethereum Mining Pool Will Switch to Withdraw-Only Mode After the Merge

According to a current announcement from the world’s largest ethereum mining pool, Ethermine, the platform plans to halt ETH mining as quickly as The Merge takes place. Currently, the Ethereum community will transition from a PoW community to a proof-of-stake (PoS) community on or round September 15, 2022. During the previous few weeks, it’s been a guessing sport as to precisely the place ethereum miners will go following The Merge.

Ethermine is the world’s largest ethereum mining pool with 262.79 terahash per second (TH/s) devoted to the Ethereum chain. The pool is far bigger when it comes to hashrate in comparison with the second largest ethereum mining pool F2pool, as F2pool instructions 127.48 TH/s, in response to in the present day’s mining pool statistics.

“The mining part of Ethereum will come to an finish on the fifteenth of September 2022. After this date, it would now not be potential to mine ether on the Ethereum community utilizing graphic playing cards (GPUs) or ASICs,” Ethermine detailed. “As a consequence of this transition, the Ethermine Ethereum mining pool will change to withdraw-only mode as soon as the Proof-of-Work mining part has ended.” The weblog put up provides:

An correct countdown timer might be out there on the miner dashboard. You can proceed to mine ether till the countdown has reached zero.

Ethermine’s Disclosure Follows Ethereum Classic’s Hashrate Spike

Ethermine’s announcement follows the proposed creation of a proof-of-work version of Ethereum referred to as ETHW. While various exchanges have listed ETHW, the IOU token has crashed 63% from a excessive of $139.62 per unit to in the present day’s $50.68 per unit worth. The chain has not forked but, so there’s no approximate approach to determine how a lot hashrate will assist the proposed ETHW chain.

Moreover, over the last 4 days, Ethereum Classic’s (ETC) community has acquired a major enhance in hashrate, climbing 39% larger since August 17. ETC’s hashrate tapped an all-time high on August 20, 2022, surpassing 38 terahash per second (TH/s). Other Ethash-centric tokens like RVN, ERGO, and BEAM haven’t seen hashrate will increase of the magnitude ETC recorded this weekend.

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